IDEA #3 - DOGE/USDT - BULLISH FORECAST
Ranked amongst the top 10 coins by market cap and an extremely well known name in the defi space, DOGE appears to have reached a discount zone. We have just experienced one of the biggest if not the biggest liquidation events in the crypto market and I am expecting some movement to the upside.
As you can see, I would consider this long position invalidated or stopped out if we close below the recent wick low created by said liquidation event ($0.2015). Targeting $0.6 but will secure 25-40% of the position at the first green line marked. In the unlikely event price doesn't tap into the trim zone or invalidates the forecast by May end, I will close the trade.
Please do your own research, especially in this market. Good luck!
As you can see, I would consider this long position invalidated or stopped out if we close below the recent wick low created by said liquidation event ($0.2015). Targeting $0.6 but will secure 25-40% of the position at the first green line marked. In the unlikely event price doesn't tap into the trim zone or invalidates the forecast by May end, I will close the trade.
Please do your own research, especially in this market. Good luck!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.